By specializing in the production of particular goods, a nation is:
A) less likely to make efficient use of available resources.
B) more likely to engage in international trade.
C) able to become self-sufficient.
D) unable to develop a comparative advantage.

Question

Quizplus · Accepted Answer

By specializing in the production of particular goods, a nation is able to produce those goods more efficiently and cost-effectively, leading to a comparative advantage in that area. This often leads to the nation engaging in international trade to obtain goods that they do not specialize in producing themselves.

By Specializing in the Production of Particular Goods, a Nation